From 14.89% last year, Nigeria sees inflation at 11.95% by end 2021

Nigeria expects inflation to decline to 11.95% by end-2021 from 14.89% last year, Finance Minister Zainab Ahmed said on Tuesday, adding that the government will work on reducing food prices and the high cost of doing business.

She said inflation would still be above the government’s single-digit target. Inflation has been in double digits for almost three years, lifted by high food costs.